What is Societe Civile Immobiliere (SCI)?
French SCI (Société Civile Immobilière) is a legal entity commonly utilised in France for property investments and business ventures. It provides UK citizens seeking to establish businesses in France with an effective framework for property ownership and management. As a transparent and flexible vehicle, SCI enables individuals to pool their resources and collectively own and administer real estate assets. By forming an SCI, you gain several advantages, including simplified property transfers, and the ability to pass on shares to heirs.
Understanding the intricacies of French SCI is crucial when navigating the legal landscape in France, and seeking professional guidance from France Tax Law ensures compliance.
SCI Services from French Law Experts
Mistakes with business, property, and tax decisions of this scale can be costly. That's why you need an experienced team by your side. We ensure your SCI is set up properly and matters of tax and succession are managed correctly. France Tax Law can guide you through the process of setting up a business in France. We can offer advice at every stage and work with you to achieve your business objectives.
Why choose France Tax Law for SCI Services
Specialists in Working Across Borders
Establishing an SCI is a nuanced process with many considerations. It is made more complicated when establishing the business as a UK citizen as you will need to consider both UK and French law. Our team, including a french speaking and french-qualified notaire, have extensive French notarial experience. This, combined with our extensive knowledge of UK law, make us uniquely qualified to assist you with setting up a business in France. We specialise in working across borders (between the UK and Europe). We operate from the UK and can communicate and work with legal professionals and clients in France.
Experts in more than SCI
Establishing and managing an SCI in France is just one piece of a much larger picture. Our team of French law experts can help you with the many other pieces too. We are experienced in many areas of UK and French law and understand the intricacies of how they work together. Our holistic approach means that when setting up a business in France, taxes, succession plans, and much more are also considered.
Our specialism and areas of legal expertise include:
- French business law
- French tax law
- French and cross-border succession
- French property law
- And many more
Set up a Societe Civile Immobiliere
A societe civile immobiliere is an important business structure and critical if you have plans to own and manage property in France. Not only is correctly establishing your business in France fundamental to its success, but it also has far-reaching repercussions for taxes and succession. At France Tax Law, we can assist with setting up your SCI and advise on how to best achieve your tax and succession goals. We even make the complexities of managing all of this across borders straightforward. For an experienced team you can rely on to guide you through setting up an SCI, speak with a France Tax Law French-qualified notaire today.
SCI in France FAQs
What is the process for establishing an SCI in France?
The process for establishing an SCI in France includes drafting the Articles of Association, identifying shareholders, specifying the purpose of the SCI, and registering it with the appropriate authorities. France Tax Law can guide you through the entire process, ensuring compliance with French laws and regulations.
Can UK citizens own shares in an SCI?
Yes, foreign individuals or entities can own shares in an SCI. The SCI structure allows for international shareholders, enabling UK citizens to collaborate with partners or investors from other countries in their French business ventures or property investments.
Learn more about setting up a business in France
For more information on setting up an SCI or other business in France speak to our team or read one of our insightful guides on the topic.